HC: Admits Analjit Singh's appeal against substantial capital gains addition; Stays Recovery

May 15,2018

Delhi HC admits Analjit Singh's ('assessee') appeal against ITAT order confirming substantial capital gains addition for AY 2014-15, frames two questions of law for its consideration; ITAT had partially confirmed capital gains addition on assessee's sale of 1567 lakh shares of Scorpio Beverages Pvt. Ltd. ('SBPL', a company owned by assessee) determining the price per share at Rs 131.86 (as against actual sale price received by assessee of Rs. 63.69)...

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